The Trump Crypto Scam

linux.poet · 2025-11-07T01:06:28-0600

NxNW said:
Much of that cash has come from foreign sources...

NxNW said:
The topic of this thread is not the validity of crypto as currency, but how the Trump Organization is using the presidency to profit from it.

I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make. If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.

So, people who have to do this want crypto that is unlikely to lose value overnight, and Trump is giving that to them, so they are buying in. Trump's assoiciates are making a profit off of U.S. sanctions and restrictions on Paypal, the U.S. based online payment processor. The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

BelieveItOarKnot · 2025-11-07T05:43:43-0600

Hans Blaster said:
Do you read?

I said we don't know if the Trump boys are getting more money from crypto, or deals with China, or insider trading.

Emphasis "we don't know"

NxNW · 2025-11-07T07:38:40-0600

linux.poet said:
I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make.

Oh, there are other options.

linux.poet said:
If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.

Again, plenty of other options.

linux.poet said:
So, people who have to do this want crypto that is unlikely to lose value overnight,

Crypto is more likely to lose value overnight than almost anything else!

linux.poet said:
The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

It's not ease of payment they're seeking, it's access to Trump.

Stopped_lurking · 2025-11-07T08:00:05-0600

linux.poet said:
I think a lot of this really underlies how important crypto is for online transactions for people outside the United States. If you're in a country that doesn't have easy access to Paypal, frequently your only option is to use your local currency to buy crypto and then use that to make whatever online transaction you wanted to make. If you're getting pay via internet freelancing, it's the same deal - get paid in crypto and sell it for local currency.
So, people who have to do this want crypto that is unlikely to lose value overnight, and Trump is giving that to them, so they are buying in. Trump's assoiciates are making a profit off of U.S. sanctions and restrictions on Paypal, the U.S. based online payment processor. The ease that Paypal gives us is something we take for granted here in the U.S. - many don't understand how the rest of the world lives in terms of online payments.

What countries are we talking about here? Developing countries?

linux.poet · 2025-11-07T08:54:53-0600

Stopped_lurking said:
What countries are we talking about here? Developing countries?

North Africa and Spain, respectively, I know for certain. It may affect Nepal and New Zealand.

NxNW said:
Oh, there are other options

Payoneer is owned by the Russians, so it’s not a feasible system for foreigners to deal with United States’ websites and/or merchants. The United States is at the center of the internet economy.

Hans Blaster · 2025-11-07T10:46:18-0600

BelieveItOarKnot said:
Emphasis "we don't know"

Is that supposed to be an argument? The part we know about is bad. The unknown parts are not good, but we don't know their scale. That is the way of crime and corruption.

Search

Search

The Trump Crypto Scam

linux.poet

act from love, not fear

More options

BelieveItOarKnot

Rom 11:32-God bound everyone to disobedience so...

More options

NxNW

Well-Known Member

More options

Stopped_lurking

Active Member

More options

linux.poet

act from love, not fear

More options

Hans Blaster

I march with Sherman

More options

Need help?

Similar threads